Quote from: bryant.coleman on June 28, 2015, 05:25:56 PM

Quote from: lunarboy on June 28, 2015, 05:10:18 PM

It still seems likely to me that the ECB/IMF will fold at the last minute because the consequences of a default far out way the costs of restructuring Greek debt (read: write some of it off).

I think that the troika has reconciled with the idea of writing of a large part of the Greek debt. But they are afraid that if they do so, then it will set up a precedent for the other EU nations in similar situations, such as Portugal, Spain and Italy. So the two sides will bargain hard... and in the end, some sort of compromise will be reached in which it might look from the outside that both of them won.

Greeks have been targeted because the currency is in a slump.
As per my news ,Greeks have been withdrawing billions of euros from their savings accounts in recent weeks, as much as a billion euros each day in the last week.